Showing posts with label base break. Show all posts
Showing posts with label base break. Show all posts

Friday, June 13, 2008

trades

Took five trades today, lost on 2.
CSX - long, small loss
CLF - long, gain
DO - long, gain
GS - short. loss
GS - long. gain
The first two trades of the morning were CSX and DO. CSX gapped up, retraced and looked like a bullish flag pattern, so I went long on a break of the flag. It moved slightly in my direction before reversing and I walked away with a $0.15 loss.
DO had a tight base forming this morning that coincided with it's previous day resistance, I went long on a retracement of the breakout.CLF was a base break setup. I missed the Opening Range base break.GS; Initially I took a short position as the general market was looking weak (and SKF was on the run). After the tweezer/rounded bottom (the rounded bottom stands out more on the 15-min chart) I went long based on the guidelines with the Klinger Oscillator.

Sunday, May 11, 2008

More for Monday

RIMM basing around $133, seems like it's waiting for a bullish Nasdaq day before it tests out the $136 range. JOYG basing around $79.30 after breaking a $72 base.HAL; making a second attempt above $48.10

Wednesday, May 07, 2008

Base Break

CE is basing around $46. A break above could bring some momentum.

Thursday, April 24, 2008

GS Broken Base

GS finally got above $183 and looks like it's determined to work up over the 200EMA.

Base and Break

A stock worth watching for a base breakout above $36.
MCHP